Chainlink (LINK) recently got some traction as it shared a few new interesting developments on its network, each of which looked promising. For instance, the network revealed that it crossed $6.18+ trillion in transaction value enabled in 2022. Moreover, according to the same, Chainlink exceeded 4.2 billion data points delivered on-chain. However, these developments could […]
’s exchange reserve noted a downfall – A bullish signal as it seemed to point to low selling pressure. The same was true for LINK’s exchange netflows too as it was low, compared to the 7-day average – Yet another green flag for the coin.’s daily chart projected an ambiguous picture as a few market indicators suggested better days to come and the others pointed to a downfall. For instance, LINK’s 20-day Exponential Moving Average was above the 55-day EMA.
The Bollinger Bands revealed that LINK’s price was in a crunched zone and might soon get volatile. Nonetheless, the MACD revealed that after a tussle, the bears gained an advantage as a bearish crossover was registered. Moreover, the Relative Strength Index and Chaikin Money Flow were at neutral positions, suggesting that the market could head in any direction in the coming days.Subscribe to get it daily in your inbox.
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